Latest business news
The whole-time member of the Securities and Exchange Board of India, Ananth Narayan, on Friday raised a red flag around valuation practices, urging India’s chief financial officers (CFOs) to help shape a more transparent and accountable regulatory framework. Addressing CFOs at the ETCFO conference, Narayan emphasised the need for greater transparency, accountability, and disclosure standards…
GE Vernova T&D India Ltd stock has staged an impressive comeback. In just two months, shares of the power transmission and distribution company have surged to around ₹2,310 from a 52-week low of ₹1,254 on 9 April. Strong order inflows and higher-than-anticipated improvement in profitability seem to have powered this turnaround. Order inflows in the March quarter…
Stablecoin issuer Circle Internet’s shares more than tripled in their debut on the New York Stock Exchange on Thursday, a move expected to boost an IPO market that has struggled to regain momentum. The New York-based company’s stock opened for trading at $69 apiece, valuing the stablecoin issuer at nearly $18 billion, on a fully-diluted…
Expert view on markets: Rishabh Nahar, Partner and Fund Manager at Qode Advisors, is reducing the overall market exposure and shifting focus to select unique stock ideas where he still sees strong earnings momentum and low volatility, offering a good balance of risk and reward. In an interview with Mint, Nahar shares his views on…
Life Insurance Corp. of India Ltd (LIC) stock jumped over 7% on Wednesday to ₹936 despite its dull March quarter (Q4FY25) results. Perhaps, the Street’s focus shifted to the cheap valuation of the stock that trades at a price-to-earnings multiple of 12x, as per Bloomberg consensus FY26 estimates. LIC’s Q4 performance was far from inspiring….
Oyo Hotels has delayed its initial public offering (IPO) plans for the third time amid opposition from its largest shareholder, SoftBank Group Corp., and continued market volatility, Bloomberg News reported on Friday. The company first filed for the IPO in 2021, seeking a valuation of up to $12 billion. In March 2023, it renewed its…
Bajaj Finance Ltd stock is down 5% in reaction to its March quarter (Q4FY25) and FY25 earnings, announced after market hours on Tuesday. The long-term target for consolidated return on average assets (RoAA) was cut from 4.6-4.8% to 4.3-4.7% and return on average equity (RoAE) from 21-23% to 19-21%. A closer look at its growth…
Elon Musk’s xAI Holdings is in talks with investors to raise around $20 billion in a deal that would value the company at more than $120 billion, according to sources cited by Bloomberg. If the deal goes through, it would be the second largest funding round of all time, behind only OpenAI’s $40 billion financing…
